FMC (NYSE:FMC) Price Target Raised to $7.00

FMC (NYSE:FMC) had its target price hoisted by Citigroup from $6.00 to $7.00 in a research report released on Tuesday,Benzinga reports. They currently have a neutral rating on the basic materials company’s stock.

FMC has been the subject of a number of other research reports. Weiss Ratings downgraded shares of FMC from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday. Wall Street Zen upgraded shares of FMC from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. Jefferies Financial Group started coverage on shares of FMC in a report on Monday. They issued a “hold” rating and a $6.00 target price on the stock. Mizuho set a $10.00 target price on FMC in a research note on Thursday, October 15th. Finally, Seaport Research Partners set a $21.00 target price on FMC in a report on Tuesday, August 4th. Three equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, FMC presently has a consensus rating of “Reduce” and an average target price of $10.71.

FMC Stock Down 5.7%

FMC stock opened at $6.05 on Tuesday. The company has a debt-to-equity ratio of 416.31, a current ratio of 1.66 and a quick ratio of 1.18. FMC has a 1-year low of $4.37 and a 1-year high of $18.29. The firm has a fifty day moving average price of $8.73 and a two-hundred day moving average price of $12.28. The firm has a market cap of $941.90 million, a price-to-earnings ratio of -0.18 and a beta of 0.50.

FMC (NYSE:FMC) last issued its earnings results on Thursday, October 29th. The basic materials company reported ($4.41) earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($4.49). FMC had a negative return on equity of 30.77% and a negative net margin of 151.18%. The business had revenue of $105.90 million for the quarter, compared to analyst estimates of $487.63 million. During the same period last year, the company posted $0.89 earnings per share. The firm’s revenue for the quarter was down 80.5% on a year-over-year basis. Research analysts predict that FMC will post -3.71 EPS for the current year.

Insider Transactions at FMC

In other FMC news, VP Jacqueline Scanlan sold 4,930 shares of the firm’s stock in a transaction on Tuesday, November 3rd. The stock was sold at an average price of $6.55, for a total value of $32,291.50. Following the sale, the vice president directly owned 58,628 shares in the company, valued at approximately $384,013.40. This trade represents a 7.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.82% of the company’s stock.

Hedge Funds Weigh In On FMC

Several institutional investors have recently modified their holdings of the company. King Luther Capital Management Corp increased its holdings in shares of FMC by 40.5% in the 3rd quarter. King Luther Capital Management Corp now owns 1,497,932 shares of the basic materials company’s stock worth $13,362,000 after acquiring an additional 431,640 shares during the period. Maryland State Retirement & Pension System lifted its position in FMC by 53.4% in the 3rd quarter. Maryland State Retirement & Pension System now owns 27,923 shares of the basic materials company’s stock valued at $249,000 after purchasing an additional 9,718 shares during the last quarter. Ethic Inc. lifted its position in FMC by 38.9% in the 3rd quarter. Ethic Inc. now owns 168,271 shares of the basic materials company’s stock valued at $1,501,000 after purchasing an additional 47,113 shares during the last quarter. Greenleaf Trust boosted its stake in FMC by 75.1% during the 3rd quarter. Greenleaf Trust now owns 48,418 shares of the basic materials company’s stock valued at $432,000 after purchasing an additional 20,765 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. boosted its stake in FMC by 73.9% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 21,995 shares of the basic materials company’s stock valued at $196,000 after purchasing an additional 9,345 shares during the period. Institutional investors own 91.86% of the company’s stock.

More FMC News

Here are the key news stories impacting FMC this week:

• Positive Sentiment: Citigroup forecast strong price appreciation for FMC, providing a bullish contrast to recent target cuts. Citigroup Forecasts Strong Price Appreciation for FMC Stock
• Neutral Sentiment: FMC Vice President Jacqueline Scanlan sold 4,930 shares for about $32,300 under a pre-arranged Rule 10b5-1 plan. The planned sale may be less informative than an unscheduled transaction, though insider selling can still draw investor attention. SEC Form 4 filing
• Negative Sentiment: Pomerantz LLP said it is investigating claims on behalf of FMC investors. The announcement provides no details about the claims, but the inquiry adds potential legal uncertainty. Pomerantz investigates claims on behalf of FMC investors
• Negative Sentiment: Analyst sentiment has weakened: FMC shares fell following a downgrade, and UBS, Royal Bank of Canada, and Morgan Stanley cut their price targets. These moves reinforce concerns about the stock’s outlook. FMC shares down after analyst downgrade UBS cuts FMC price target RBC cuts FMC price target Morgan Stanley cuts FMC price target

About FMC

FMC Corporation (NYSE: FMC) is an agricultural sciences company that develops and markets crop protection products and technologies. Its portfolio is designed to help farmers manage weeds, insects and diseases that can affect crop yields and quality.

The company’s products include herbicides, insecticides, fungicides, biological crop protection products and seed treatment solutions. FMC also develops crop health technologies and digital tools intended to support more precise and efficient agricultural applications.

FMC serves farmers, agricultural retailers and distributors in major farming regions around the world, with products used across a broad range of crops.